CTPartners Suspends Stock Offering And Withdraws Guidance For 2015

January 28, 2015 – CTPartners, the global executive search firm ranked No. 7 in the U.S./Americas region by HSZ Media, has disclosed its intent to suspend a proposed common stock offering announced just 48 hours ago. It is the second time the company has pulled an offering within the last 60 days. CTPartners is revising it's fourth quarter and full year 2014 preliminary earnings, previously announced just one week ago. The revision is a result of a $1.7 million increase in the company's estimate of operating expenses for the fourth quarter due in large part to compensation expenses related to consultant performance bonuses. CTPartners has withdrawn it's previously announced earnings guidance for the first quarter of this year and for full year 2015. Future guidance is not expected until the company announces it's actual financial results on or about March 12. Experts say that more downward pressure on the company's stock is likely on Wednesday. CTPartners stock is down more than 50 percent in the last several trading days.